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Transferring money to ThailandBank transfer is probably the safest and most cost effective way to transfer large amounts of money to Thailand. You will need to set up a Thai bank account first. This can be a private or business account. When transferring money to Thailand you will get a much better rate if you transfer the money in your home country’s currency. Your bank in Thailand will convert your currancy into baht and will give you a much better rate than a bank outside Thailand. Most banks require you set up a wire transfer in person at the bank’s branch, which means you will have to transfer the money before you move to Thailand, unless you have telephone banking or online banking services. Always keep a record of the money transfer. Stipulate to your bank the reason for the money transfer is to buy property. If you know the property you are buying stipulate the properties address. When you get to Thailand, go to your bank and get a Get a FET - Foreign Exchange Transaction Form (formerly called a Thor Tor 3 form). You will need this form if you decide to transfer the money back out of Thailand, so keep it in a safe place. You also need to bring this form to the Land Office when buying a condo.
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